Why does the country issue lottery tickets?

Lottery is a special financial tool. Like stocks, bonds and funds, issuing lottery tickets can continuously and repeatedly raise social idle funds. However, unlike stocks, bonds and funds, lottery tickets cannot be traded or redeemed at any time. It does not reflect the relationship between equity, creditor's rights or entrusted investment, but only reflects the potential bonus distribution relationship between lottery buyers and lottery issuers. Lottery tickets are returned to buyers on the basis of probability, not economic benefits.

You may get nothing by buying lottery tickets, or you may get several times, dozens of times, hundreds of times or even thousands of times in return.

In this sense, lottery is a kind of "contingent securities". Sales of lottery tickets are fund-raising, which are generally controlled and used by the government or government authorized agencies to support the development of public welfare undertakings such as sports. There is no pressure such as dividends and debt interest, and they are basically free. In a word, lottery is a special financial tool.

Lottery, also called lottery, is a way to raise money by drawing lots to win prizes, not gambling. The English name of the lottery ticket is "LotteriyTicket". Cihai (version 1999) explains lottery tickets as follows: "Commonly known as' pigeon tickets'. A voucher issued by a lottery ticket to raise funds or raise funds. " The Modern Chinese Dictionary explains lottery and lottery respectively in this way: "Lottery, lottery as a general term." Lottery is a kind of securities marked with numbers and sold at face value.

After the lottery, those who hold the lottery ticket with the winning number can receive the prize according to the regulations. Lottery is a kind of voucher issued to raise funds, printed with numbers, graphics, words and face value, which is purchased voluntarily by buyers according to certain rules and whether they get rewards or not.

In September 2020, according to the data released by the Ministry of Finance, lottery tickets were issued and sold nationwide from 2065438 to 2009, exceeding 420 billion yuan. Among them, the central special lottery public welfare fund 17 billion yuan is used to support 16 public welfare projects including education, medical care, old-age care and sports.

Classification of institutions

There are two lottery issuers in China, and then the following two kinds of lottery tickets are formed:

(1) Welfare Lottery. Welfare lottery refers to the lottery issued by China Welfare Lottery Management Center since 1987. In the early days of welfare lottery, there were traditional lottery tickets and instant lottery tickets, mainly including instant lottery tickets (such as scratch music), lottery tickets (such as two-color ball, 5 in 36) and digital lottery tickets (such as 3D), and the latter two were computer lottery tickets.

(2) Sports lottery. Sports lottery refers to the lottery issued by China Sports Lottery Management Center since March 1994. There are mainly instant lottery tickets (such as top scratch), lottery tickets (such as lottery and 22-choice), digital lottery tickets (such as arrangement 3 and 5) and quiz lottery tickets (such as football lottery, Japanese lottery and medal guessing). The latter three are all computer lottery tickets. It can be seen that Beverly has a quiz lottery. Of course, this classification method is only applicable to China.